WEEKLY COMMODITY REPORT BY EPIC RESEARCH-22 OCTOBER 2012

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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-22 OCTOBER 2012

  1. 1. WEEKLY COMMODITY REPORT 22TH OCTOBER 2012WWW.EPICRESEARCH.CO 9752199966
  2. 2.  HEADLINES Copper concentrate demand from China reportedly strong. LME week in London has framed the backdrop for the base metals complex. While prices across the complex generally softened ahead the annual jamboree last  TRADING TIP: week, trading in and around the meetings has been generally range-bound. This reflects to some extent the Sell Silver Oct sentiment we have noted at the majority of meetings; namely, a lack of conviction based on uncertainty about Below 59600 the economic outlook and, in particular about how growth conditions in China, as well as domestic metal TGTS-59300/59000 markets, are set to evolve. However, it would be wrong, in our view, to characterize the feedback from market SL-59892 participants as bearish. US Gold, Silver production falls, rising demand pushes up industry revenues.Sell Aluminium Oct US gold and silver production is declining having reached the lowest point in almost 20 years in 2011. ButBelow 105.50 the industry is happy having achieved high revenues in the past five years to 2012 as rising global demand andTGTS-104/102 higher prices make mining more attractive, according to a report by IBIS +World titled Gold and Silver OreSL- 106.40 Mining in the US industry release of the weekly storage report. The storage injection for the week in reference narrowed the storage overhang over last year’s level to 228 Bcf,WWW.EPICRESEARCH.CO 9752199966
  3. 3. MCX WEEKLY GOLD CHARTANALYSISOPEN: 31251HIGH: 31438LOW: 30862CLOSE: 31287 GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS WWW.EPICRESEARCH.CO 9752199966
  4. 4. MCX WEEKLY SILVER CHARTANALYSISOPEN: 61066HIGH: 61066LOW: 59623CLOSE: 59841 SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE
  5. 5. MCX WEEKLY COPPER CHARTANALYSISOPEN: 434.20HIGH: 444.40LOW: 432.15CLOSE: 435.05 COPPER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS WWW.EPICRESEARCH.CO WWW.EPICRESEARCH.CO 9993959693 9752199966
  6. 6. MCX WEEKLY CRUDE OIL CHARTANALYSISOPEN: 4855HIGH: 4999LOW: 4785CLOSE: 4914 CRUDE OIL LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPSwww.epicresearch.co 9752199966
  7. 7. COMEX WEEKLY SILVER CHARTANALYSISOPEN: 33.39HIGH: 33.39LOW: 31.91CLOSE: 32.05 COMEX SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISEwww.epicresearch.co 9752199966
  8. 8. COMEX WEEKLY GOLD CHARTANALYSISOPEN: 1752.65HIGH: 1753.28LOW: 1716.13CLOSE: 1721.34 COMEX GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISEwww.epicresearch.co 9752199966
  9. 9. DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable,but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right tochoose the product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information containedherein is based on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The reportdoes not provide individually tailor-made investment advice. Epic research recommends that investorsindependently evaluate particular investments and strategies, and encourages investors to seek the advice ofa financial adviser. Epic research shall not be responsible for any transaction conducted based on theinformation given in this report, which is in violation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related toepic research might be holding positions in the stocks recommended. It is understood that anyone who isbrowsing through the site has done so at his free will and does not read any views expressed asa recommendation for which either the site or its owners or anyone can be held responsible for . Anysurfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any lossincurred whatsoever for any financial profits or loss which may arise from the recommendations aboveepic research does not purport to be an invitation or an offer to buy or sell any financial instrument. OurClients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS orReport or Any Information Provided by us to/with anyone which is received directly or indirectly by them. Iffound so then Serious Legal Actions can be taken.

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